Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

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History

Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

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History

Ch 2 title inserted by No 73 of 2006 , s 3 and Sch 5 item 40, effective 1 July 2006.

PART 2-1 - INTRODUCTION TO THE PAY AS YOU GO (PAYG) SYSTEM  

Division 6 - Guide to Parts 2-5 and 2-10  

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SECTION 6-1   WHAT PARTS 2-5 AND 2-10 ARE ABOUT  

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To help taxpayers meet their annual income tax liability, they are required to pay amounts of their income at regular intervals as it is earned during the year. The system for collecting these amounts is called " Pay as you go " .

Amounts collected under this system also go towards meeting liability for Medicare levy and liability to repay debts under certain income-contingent loan schemes.

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History

S 6-1 amended by No 169 of 2015, s 3 and Sch 1 item 89, by substituting " and liability to repay debts under certain income-contingent loan schemes " for " , liability to repay contributions under the Higher Education Contribution Scheme (HECS), liability to repay debts under the Higher Education Loan Program (HELP), liability to repay debts in relation to trade support loan and liability to repay financial supplement debts under the Student Financial Supplement Scheme (SFSS) " , effective 1 January 2016.

S 6-1 amended by No 82 of 2014, No 150 of 2003 and No 44 of 2000.

TABLE OF SECTIONS

TABLE OF SECTIONS

6-5	The Pay as you go (PAYG) system
6-10	How the amounts collected are dealt with

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